Says still in an inflationary environment, but it’s abating. Expects continued improvement in supply chains in 2023. Says bullish on long term demand for home improvement. Sees pressure from lumber "predominantly" in 1H23 vs. 2H23. Says price sensitivity broader in Q4 vs. Q3, mainly in big ticket, discretionary items. Expects comps in 1H23 "slightly lower" than 2H23. Targeting flat gross margin for 2023.
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Published first on TheFly
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